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ICAEW Accredited Software

ICAEW's accredited software spans E-Commerce products to Property Management and Letting software and a host of others all designed for the accountancy industry. Each is rigorously individually evaluated and available from reputable companies.

Accreditation scheme

If you wish to accredit your software please see our accreditation information for software companies section

Find out how to join the scheme
ICAEW's Accreditation scheme gives peace of mind with access to reliable and independently evaluated software products.

All the products on the scheme have satisfied our robust technical evaluation criteria and are from companies that are financially sound and offer strong customer support. The scheme is fast becoming the benchmark for software used by accountants in both business and practice markets.

A full evaluation report is available to download for each product.

Company Secretarial Software

Software that allows for the preparation and submission of all Companies House forms as well as maintaining company registers. 

Fundamentally, company secretarial software should:

  • With full functionality, be a computerised equivalent of a traditional paper based Combined Register
  • Produce statutory forms required to be filed with Companies House
  • Track due dates for filing of forms and accounts
  • Enable online filing of forms

It is also desirable that good company secretarial software should:

  • Be easy to learn, understand and operate
  • Make best practical use of available resources
  • Accommodate limited changes to reflect specific user requirements

It is essential, when software is implemented, for appropriate support and training to be available.

Credit Monitoring Software

Credit monitoring software should provide the ability to monitor financial activity and credit scores of a range of businesses so that up-to-date information is readily available for informed businesses decisions to be made. The suitability of credit monitoring software for each particular user will always be dependent upon that user's individual requirements.

These requirements should therefore always be fully considered before software is acquired. The quality of the provider or developer of the product or service should also be considered at the outset.

A fundamentally, credit monitoring software should:

  • Be capable of monitoring and benchmarking financial activities and credit scores of multiple organisations.
  • Provide information to allow effective debt and cash flow management.
  • Provide detailed business intelligence reports.
  • Provide facilities to ensure the completeness, accuracy, confidentiality and continued integrity of these functions.
  • Be effectively supported and maintained.

It is also desirable that credit monitoring software should:

  • Be easy to learn, understand and operate.
  • Make best practical use of available resources.
  • Accommodate limited changes to reflect specific user requirements.

It is essential, when any product or service is implemented, for appropriate support and training to be available.

E-Commerce Products

eProcurement services, using electronic means of sourcing and/or purchasing.

An eProcurement solution should:

  • Promote efficiency within an organisation /government
  • Improve commercial relationships with suppliers
  • Reduce costs for suppliers dealing with the organisation/government
  • Improve supply chain management
  • Have a full electronic purchase to pay facility with order tracking, budget control and authorisation capability
  • Be capable of supporting the functions for which it was designed
  • Be effectively supported and maintained
  • Be easy to learn, understand and operate.

It is essential, when any system is implemented, for appropriate support and training to be available.

The IT Index

The IT Index is a simple to use web based purchase ordering system that enables customers to obtain competitive prices on a wide range of computer products from a single source as a result of an automated daily data feed from a selection of mainstream UK based suppliers.

Access to The Index is provided free of charge to qualifying customers.

Electronic Data Collection and Accounts Processing Software Evaluation

Bankstream

Bankstream delivers solutions to assist accountants to automate and streamline their accounting process, providing the accountant with reliable and accurate client transaction data electronically. The Bankstream Service is comprised of securely delivered, electronic data and Bankstream Practice - accounting software that enables practices to process information, and produce timely, accurate financial reports for their business clients.

Employee Expenses Management Products

Expenses Management software - refers to the system and/or systems deployed by a business to process, pay, and audit employee-initiated expenses.

Good employee expense management software should:

  • Permit efficient detailed submission of expense claims and automatically route them for authorisation and review in accordance with the prescribed company expenses policy
  • Provide detailed reports to allow companies to determine spend patterns, benchmark category spending and permit fast payment to claimants
  • Provide sufficient information to allow companies to meet their regulatory reporting obligations in respect of personal income tax and VAT

It is essential, when software is implemented, for appropriate support and training to be available.

Concur

Concur® is a leading provider of integrated travel and expense management solutions. Concur's easy-to-use Web-based and mobile solutions helps control costs and save time. Concur's open platform enables the entire travel and expense ecosystem of customers, suppliers, and developers to access and extend Concur's T&E cloud. Concur's systems adapt to individual employee preferences and scale to meet the needs of companies from small to large. Learn more at http://www.concur.co.uk or the Concur blog.
Enterprise Tax Software

UK VAT – Tax Engine software should automate and centralise the processing of VAT and other transaction type taxes on both sales and procurement transactions.

Companies adopt tax engines because these systems contain the necessary tax logic and data for accurately calculating and reporting transaction taxes such as Valued Added Tax (VAT). In a typical ERP or other financial system this tax data content is not included, so leaving the maintenance and updating of the system as a burden for the user. The automation of transaction tax calculation and reporting provides a higher level of consistency, risk management, transparency and assurance when compared to an ERP or other financial system.

Document Management

Systems designed to reduce the paperwork and reduce the time and cost of processing information.

Docusoft v7

DocuSoft is a well designed document management system, and has been sufficiently specified for its target market. It is easy to use, flexible in its approach and allows retrieval of documents quickly and efficiently, greatly enhanced by the availability of content searching facilities. A ‘flat’ menu structure and tool-tip text prompts aid user-friendliness.

Financial Products

Financial accounting software, including online financial and forecasting software

Financial Products for Educational Establishments

Corero Business Systems Ltd

A well designed accounting package that is easy to use and relatively flexible in its approach.

Capita

Capita FMS version 6.158 is an integrated financial management system that has been specifically designed for schools and Local Authorities. The package is fully supported through Capita and by Local Authority units.

Online financial products

AccountsIQ

AccountsIQ Enterprise – is a Cloud Accounting application for delivery over the Internet. Suitable for small to enterprise level businesses with complex group consolidation requirements. It is designed primarily as a full online accounting solution for accountants and Business Process Outsourcers as a platform for offering accounting services to their clients.

Exact software

Exact is fully featured and well specified, and the company is fully committed to its development, enhancement and usability

QuickBooks Online

QuickBooks Online - Simple Start, Essential and Plus v63 are a range of well-designed, internet-based, accounting systems that has been competently written and are supported by Intuit Ltd.

Clear Books Cloud Accounting

Clear Books is a well-designed, Internet based, accounting system that has been competently written and is supported by Clear Books Ltd

Netsuite

The system ledger design incorporating Sales, Purchase, and General Ledger together with very flexible SOP, POP and Stock system provides accuracy and a facility to produce audit trails and reports as required.

Xero

Xero is an online accounting system for small businesses and their accountant.

Financial products

Access Accounts

The modular ledger design incorporating Sales Ledger, Purchase Ledger and General Ledger gives flexibility and accuracy with a facility to printout complete audit trails and reports as required.

Advanced Business Solutions

A well designed accounting package that is easy to use and relatively flexible in its approach.

Coldharbour Systems

An integrated business package that uses a unified ledger design. The application has great flexibility and analysis capabilities, it is easy to use and the screens are generally self-explanatory, however, there is no on screen help available.

PS Financials

A strong and user-friendly system that is straight-forward to use.

Sage Software

Sage products have been competently written and are supported by Sage (UK) Ltd Accounting through a network of authorised business partners.

TAS Software

This accounting package provides limited multi-currency by holding transactions in base and foreign currency but there is no revaluation function. It has some customisable parameters and tables and the ability for users to tailor the documents produced.

TAS Books

A package for accountants and bookkeepers that has been competently written and are sold and supported by TAS Software directly. The software allows accounts and bookkeepers to import and update client data sets from all levels of TAS Books as well as creating new data sets as required.

Other Financial Products

Royal Bank of Scotland

FacFlow

Well-designed sales invoice discounting & factoring system that is supported by RBS Invoice Finance.

Portfolio Administration Software

Portfolio Administration software solutions should provide an efficient and effective means of managing an investors assets, providing the ability to manage the wide range of assets available to an investor.

Property Management and Letting Software

Accounting software specifically designed for Property Management and Letting Companies.

CFP Software

A well designed product that adequately fulfils the needs for end users in this type of business and is sufficiently specified.

REAPIT

A well designed product, adequately fulfils the needs for end users in this type of business and is sufficiently specified.